Friday, July 21, 2017

Sacramento Real Estate Video Market Update July - August 2017

In June, the median price increased to $347,250 compared to $342,500 in May.

More importantly,  the median is 5.5% higher than a year ago.

Currently there is 1.2 months worth of inventory.  I expect that number to increase more as we approach the summer season but not drastically.  A “normal” or “balanced market” is considered around 2.5— 3 months.

The homes that are priced right, show well and have a high quality marketing plan are getting sold quickly.  However, the properties that are over priced are sitting with little activity until the list price is in line with the true market value.  The overpriced properties are having price reductions to try and get more attention.

I’m calling it a “price sensitive sellers market.”

Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.

clear skies,

Doug Reynolds



 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

No comments :

Post a Comment